Nutanix Stock Plummets 22% on Mixed Earnings Report
Nutanix(NTNX) The Motley Fool·2024-05-31 04:04
Despite strong earnings, Nutanix's revenue guidance disappointed investors, and the stock price crumbled. Is the stock a buy after this sharp price correction?Shares of Nutanix (NTNX -23.06%) tumbled on Thursday, following the company's announcement of third-quarter business results. The hybrid cloud-computing expert annihilated Wall Street's consensus-earnings target, but Q4 guidance came in below current expectations. Nutanix shares traded 22% lower at 3 p.m. ET.Nutanix's results and guidanceIn Q3, Nutani ...